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SSC Sample Paper Mock Test-17 SSC CGL Tear-II Paper-1

  • question_answer
    The difference between the simple and compound interest on a certain sum of money for 2 yr at 4% per annum is Rs. 4. The sum is

    A) Rs. 2500

    B)  Rs. 2400

    C)  Rs. 2600

    D)  Rs. 2000

    Correct Answer: A

    Solution :

    Sum = Difference\[{{\left( \frac{100}{r} \right)}^{2}}=4\times {{\left( \frac{100}{4} \right)}^{2}}\]= Rs. 2500


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